City to borrow internally for Ray Gibbon Drive

Rather than looking outward, the City of St. Albert is looking inward to find the money to finish Ray Gibbon Drive.

A proposal to use internal financing to build Stage 3 of Ray Gibbon Drive was unanimously approved at the meeting of the City’s Standing Committee on Finance — which is made up of all seven city councillors and chaired by Coun. Cathy Heron — Monday afternoon, to be fully repaid once the Alberta government reimburses the City for their portion of the construction costs.

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